Unemployment in Portugal is 12.4% (youth: 28.1). The figures for Spain are 20.9% (44.4), Greece 15%(38.5), Ireland 14% (26.5), Latvia 16.2% (32.9). You cannot stimulate growth in an economy with rising real interest rates. This is meltdown, EU-style. Are there any good reasons for a country not to have its own currency?

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Banks face demands from the European Union to more than triple the minimum levels of core capital they must hold to stave off insolvency under proposals that some lenders complain will hamper the region’s economic recovery.

Magnificent Ronald and the Founding Fathers of al Qaeda

“These gentlemen are the moral equivalents of America’s founding fathers.” — Ronald Reagan while introducing the Mujahideen leaders to media on the White house lawns (1985). During Reagan’s 8 years in power, the CIA secretly sent billions of dollars of military aid to the mujahedeen in Afghanistan in a US-supported jihad against the Soviet Union. We repeated the insanity with ISIS against Syria.